As mentioned before, after breaking out of the major resistance trendline, we were bound to see a move upward.
We were in a consolidation phase in the 41.5k area and broke out to the next previously mentioned resistance at 44-45k which was then rejected.
If we continue to follow this bullish move, we may see another move to 46k after a retest on the parallel channel.
If not, we might be looking at a retest back at the 42k area.
Good luck to you all.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.